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to what they were when bill clinton left office, we are going over the fiscal cliff? >> i do not see a realistic way to solve this without a recognition -- let's see the positive side. it is encouraging to see the leadership recognize that we are going to have to generate a modest amount of additional revenues from high income -- that is a good recognition. we are just at the beginning. we will get people -- we will see how it goes. i agree, this is going to be tough. i know the lack of clarity and resolution is going to be a burden and a source of uncertainty. this is something we will have to go through. we will govern this country better, find a better way to support things that improve the long-term growth prospects, we have to find a way to resolve the divide on this question about the long-term. -- long-term fiscal trajectory of the country. that is worth trying to do. >> as you said and the president said, we have to both raise taxes and restrain spending. the proposal so far on medicare has been largely limited to the provider side. is the president going to leave here with a
second term victory. as did bill clinton with the republican controlled house and republican controlled senate after a more resounding second term victory then president obama. both examples, both of them, illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected by founding his nose at the other side and insisting that if republicans are not willing to do things his way he will not do anything at all. if the president is serious, he will follow the lead of president reagan and clinton. if he is really serious, he will put the campaign rhetoric aside, propose a realistic resolution that can pass a republican controlled house and a divided senate, and work to get it done. if the president acts in this spirit, i have no doubt he will have the support of his own party and a willing partner in hours. the american people will criticize of relief knowing not only that we have avoided a crisis, but that washington can feel their interests. unless we act, americans will face a combina
. >> are you saying that if republicans do not agree to raise the top rates to what they were when bill clinton left office, we are going over the fiscal cliff? >> i do not see a realistic way to solve this without a recognition -- let's see the positive side. it is encouraging to see the leadership recognize that we are going to have to generate a modest amount of additional revenues from high income -- that is a good recognition. we are just at the beginning. we will get people -- we will see how it goes. i agree, this is going to be tough. i know the lack of clarity and resolution is going to be a burden and a source of uncertainty. this is something we will have to go through. we will govern this country better, find a better way to support things that improve the long-term growth prospects, we have to find a way to resolve the divide on this question about the long-term. that is worth trying to do. >> as you said and the president said, we have to both raise taxes and restrain spending. the proposal so far on medicare has been largely limited to the provider side. is the president going to
. ron reagan and tip o'neill during the current tax reform. bill clinton and the republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people, and we have, as everyone knows, a lot of challenges at the end of the year. i will be meeting with the president and the other leadership on friday to talk about the way forward. we look forward to being a part of the solution to the significant problems. it is my pleasure to turn to our newly elected whip, senator john cornyn of texas. >> is an honor to serve as the assistant leader on the republican side. we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solve the nation's urgent problems. we know what those are in the lame duck and we know what those are going forward. there is no mystery about that, nor is there any mystery to some of the solutions based on the president's own bipartisan fiscal commission and others that have laid out road maps and shown us a way to address those issue
and tip o'neill reforming social security. ron reagan and tip o'neill during the current tax reform. bill clinton and the republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people, and we have, as everyone knows, a lot of challenges at the end of the year. i will be meeting with the president and the other leadership on friday to talk about the way forward. we look forward to being a part of the solution to the significant problems. it is my pleasure to turn to our newly elected whip, senator john corn andyn of texas. >> -- senator john cornyn of texas. >> is an honor to serve as the assistant leader on the republican side. we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solve the nation's urgent problems. we know what those are in the lame duck and we know what those are going forward. there is no mystery about that, nor is there any mystery to some of the solutions based on the president's own bipartisan fiscal commission and o
our problems quickly is for that bill to pass through the congress, through the house. >> other questions? right here. >> the question for you is, if you listen to what former president clinton said before the third debate or what labor secretary rice said, they both said the same version of the following. for the markets, for the long- term sustainability of the economy, we have to fix the deficit -- fix the deficit. denton said is, let's go ahead and get the deal and make it -- what clinton said is, let's go ahead and make the deal and make it ironclad. we need continuation of stimulus, which is effective of what he said when he was standing the economy, we by obama's sidedo yn they extended the bush tax cuts. that we need to have a grand bargain and it needs to go into effect right away? or do you agree with this, get the grand bargain, but delayed for a year or two, as the people on the democratic side of the debate have argued? >> my job is economic policy adviser. i am best at leading the policy -- politics to someone else. as an economist, the right strategy is to get our
Search Results 0 to 5 of about 6